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8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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Weekly Report
Commodity2 8 t h M a r c h - 0 2 n d A p r i l 2 0 1 1
www.capitalvia.com
WEEKLY
PRECIOUS METALS DROPS ON
STRONG US DOLLAR !
Globa l Resear ch L im i t ed
8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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2 | www.capitalvia.com
Weekly Report
Commodity
Economic Data
6:00pm
6:00pm
6:00pm
7:30pm
Core PCE Price Index m/m
Personal Spending m/m
Personal Income m/m
Pending Home Sales m/m
USD
USD
USD
USD
1:10am
6:30pm
7:30pm
FOMC Member Evans Speaks
S&P/CS Composite-20 HPI y/y
CB Consumer Confidence
USD
USD
USD
Tue
Mar 29
0.1%
0.2%
1.0%
-2.8%
-2.4%
70.4
0.2%
0.6%
0.5%
0.5%
-3.1%
64.9
Date Time Currency Economic Data Forecast Previous
MonMar 28
Globa l Re s e a rch L imi t e d
5:00pm
5:45pm
8:00pm
Challenger Job Cuts y/y
ADP Non-Farm Employment Change
Crude Oil Inventories
USD
USD
USD
Wed
Mar 30
217K
20.0%
2.1M
212K
6:00pm
7:15pm
7:30pm
8:00pm
10:15pm
Unemployment Claims
Chicago PMI
Factory Orders m/m
Natural Gas Storage
FOMC Member Tarullo Speaks
USD
USD
USD
USD
USD
Thu
Mar 31
71.2
3.1%
-6B
382K
70.3
1.1%
379K
5:45pm
6:00pm
6:00pm
6:00pm
7:30pm
7:30pm
7:30pm
All Day
10:15pm
FOMC Member Plosser Speaks
Non-Farm Employment Change
Unemployment Rate
Average Hourly Earnings m/m
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Total Vehicle Sales
FOMC Member Tarullo Speaks
USD
USD
USD
USD
USD
USD
USD
USD
USD
Fri
Apr 1192K
8.9%
0.0%
61.4
-0.7%
82.0
13.4M
191K
8.9%
0.2%
61.3
0.6%
83.4
13.3M
2 8 t h M a r c h - 0 2 n d A p r i l 2 0 1 1
8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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Weekly Report
Commodity
Fundamental Market Overview
3 | www.capitalvia.com
Gold reversed gains in high volume on Friday, hit by a dollar spike after several top U.S. Federal Reserve officials said the Fed is unlikely to extend its bond-buying stimulus
program beyond a planned $600 billion. Bullion lost nearly 2 percent following a brief rally to an all-time high $1,447.40 on Thursday, but the metal is set to post a small
gain for the week as Portugal's credit downgrade and escalating political unrest in the Arab world underpinned safe-haven demand. Spot Gold dropped 0.1 percent to
$1,427.91 an ounce. U.S. Gold futures for April delivery settled down 0.6 percent at $1,426.20. COMEX Gold was one of the few actively trading commodity markets with
volume already topping 250,000 contracts, one of the heaviest trading days year to date.
GOLD SET FOR BIGGEST QUATERLY OUTFLOW
Despite Gold's recent strong performance, inflows into exchange-traded funds backed by the precious metal remained lackluster, with holdings of the largest, New York'sSPDR Gold Trust, down by another 0.9 tonnes on Thursday. They are so far on track to fall more than 65 tonnes this quarter alone, which would be the fund's largest
quarterly outflow since it was launched in 2004. However, interest in bullion from other sources is outweighing these outflows. Gold investors now look forward to next
week's heavyweight economic indicators, including Friday's nonfarm payrolls report, Wednesday's ADP private-sector job data and Thursday's factory orders. Silver gained
0.2 percent to $37.21 an ounce, having retreated from the previous session's 31-year high at $38.13 an ounce. Holdings of the largest silver ETF, the iShares Silver Trust,
leapt to a record 11,140 tonnes on Thursday.
GOLD FALLS AS DOLLAR RISES, FED COMMENTS WEIGH
NYMEX-CRUDE DIPS ON PROFIT-TAKING, EYES MIDDLE EAST
U.S. Crude futures ended lower on Friday on profit-taking but posted their best weekly performance in three weeks - up 4.28 percent, driven by supply worries as Libyan
conflict and Middle Eastern turmoil raged. Prices fell for a second day in what analysts deemed a market pause, after NYMEX May Crude failed to break above the March 7
intraday peak of $106.95, the highest in 2-1/2 years.
FUNDAMENTALS
On the New York Mercantile Exchange, Crude for April delivery settled at $105.40 a barrel, down 20 cents, or 0.19 percent, after trading from $104.50 to $105.95. For the
week, front-month Crude raised $4.33, following two straight weeks of losses. It last posted a weekly gain in the week to March 4, when prices rose $6.54, or 6.7 percent.
Volume for the week, at around 2.5 million lots with less than an hour left of trading, was on course to be the lowest weekly total since the year began. U.S. May Crude's
discount against Brent widened slightly to $10.19 at the close, from $10.12 on Thursday. In London, May Brent Crude finished lower, but for the week gained 69 cents, up
for the second straight week. NYMEX April RBOB ended with a minor loss. For the week it jumped 9.54 cents, or 3.23 percent, after two straight weeks of losses. NYMEX April
heating oil slipped but for the week gained 3.05 cents, or 1.01 percent, after falling two consecutive weeks. J.P. Morgan raised its price forecast for West Texas Intermediate
to an average of $99 a barrel this year, up $6 from its previous forecast. For Brent, it forecast a second-quarter average of $118, from $105. Combined with smaller increases
for the third and fourth quarters, it increased its Brent projection by $6 to $110. The U.S. economy grew in the final quarter of 2010 at an upwardly revised annual rate of 3.1
percent, a faster clip than previously estimated, as businesses re-stocked to meet rising demand and maintained fairly solid spending. Speculators' net long positions in
NYMEX Crude futures and options rose 15,849 contracts to 286,812 in the week to March 22, the Commodity Futures Trading Commission said. It was slightly below the all-
time high 311,632 hit two weeks ago.
COPPER ENDS LOWER AS RALLY RUNS OUT OF STEAM
Copper ended lower on Friday, extending a phase of consolidation from this week's two-week highs, as investors continued to weigh the economic impact from Japan's
nuclear catastrophe and a worsening debt crisis in Europe. A drop in U.S. consumer sentiment to its lowest level in more than a year doused more cold water on the
economically-sensitive industrial metal's mid-week surge, suggesting the recent rally was overdone. London Metal Exchange (LME) three-month Copper fell $30 to close at
$9,685 a tonne. Despite the negative close, prices did manage to post their second straight weekly gain. COMEX May Copper dipped 0.55 cent to end at $4.4190 per lb, after
dealing between $4.3990 and $4.4535. Trading volumes continued to slow as concern about a worsening debt crisis in Portugal following the collapse of the country's
government, coupled with violence in the Middle East and northern Africa, and Japan's ongoing nuclear crisis, and clouds the outlook for the global economic recovery.
COMEX Copper futures volumes stood around 31,800 lots, almost 40 percent below the 30-day norm, Thomson Reuters preliminary data showed. As a result, the dollar rose
to a session high against the euro and is likely to remain buoyant in the week ahead after a Federal Reserve official said the central bank will have to tighten monetary policy
soon to avoid sowing the seeds of inflation. Global No. 1 Copper producer Chile's Codelco said its 2010 output dipped but should be steady this year, and expects strong
Chinese demand, Japan's recovery after a natural disaster, as well as new uses to stoke demand.
Globa l Re s e a rch L imi t e d
2 8 t h M a r c h - 0 2 n d A p r i l 2 0 1 1
8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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GOLD
COMEX Gold is in an upward phase. Last week COMEX Gold break the level of 1400$ and
made a low of 1380 but was not able to close above that . In the coming week 1375$ will
act as a major support in COMEX Gold, if COMEX Gold sustains above 1425$ an ounce
then above 1440 $ an ounce it can touch the level of 1460$ an ounce and if COMEX Gold
sustains below 1390$ then it can slightly correct and test the level of 1370$ an ounce.
Market Overview
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above
1441$ an ounce, then above 1450$ it can test the level of 1470$ an ounce and above
1470$ it can further move upward. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1370$ and 1340$.
Major resistance for COMEX Gold in the coming week is 1450$ and 1475$
Major support in MCX Gold is 20450 and 20150
Major resistance in MCX Gold is 21200 and 21450
Strategy
SILVER
COMEX Silver is technically strong on charts. Last week COMEX Silver break the level of
3670$ and made a weekly close above that. For the upcoming week 3550$ and 3350$ are
the crucial supports and 3800$ and 3920 $ are crucial resistance in COMEX Silver. In MCX
Silver 57000 and 58500 will act as major resistance and 53500 and 51000 will act as major
supports.
Market Overview
Technically COMEX Silver is strong on charts, For the next week traders can use buy on
lower level strategy if Silver sustains above the level of 3700$ an ounce, then above 3800$
an ounce it can further go upward and can test the level of 3850$ an ounce. Trade by
keeping the proper stop losses.
Strategy
1489 1460 1443 1431 1414 1402
R3 R2 R1 PP S1 S2 S3
1373
Script
Levels
4251 3968 3836 3686 3554 3403
R3 R2 R1 PP S1 S2 S3
3121
Script
Levels
Weekly Report
Commodity
Technical Analysis
4 | www.capitalvia.com
Globa l Re s e a rch L imi t e d
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8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of buying on
lower levels. Last week Natural Gas was able to sustain above 3.800$ and close near to its
week high. If next week Natural Gas sustains above the level of 4.100$ then above the level
of 4.500$ Natural Gas can test the level of 4.620 $ and below 4.100$ Natural Gas can
slightly go down and test the level of 4.010$. In MCX, if Natural Gas sustains above190 in
the coming week then it can test the level of 207, if it does not break the level of 186 on the
downside.
Market Overview
For the upcoming week 3.650$ and 3.200 $ will act as major supports and 4.880$ and
5.200$ will act as major resistance in US Natural Gas. For MCX Natural Gas major resistance
would be 207 and 220, supports would be found at 175 and 165.
Strategy
USD / INR
USD/INR is consolidating on charts so traders can use the strategy of buying on lowerlevels. If next week USD/INR sustains above the level of 44.5000 then above the level of
44.7000 USD/INR can test the level of 45.0000 and below 44.5000 USD/INR can slightly go
down and test the level of 44.3000.
Market Overview
For the upcoming week 44.5000 and 43.8000 will act as major supports and 45.4000 and
46.0000 will act as major resistance in USD/INR.
Strategy
4.949 4.633 4.518 4.317 4.202 4.001
R3 R2 R1 PP S1 S2 S3
3.685
Script
Levels
45.9030 45.3330 45.0070 44.7630 44.4370 44.1930
R3 R2 R1 PP S1 S2 S3
43.6230
Script
Levels
Technical Analysis
Weekly Report
Commodity
6 | www.capitalvia.com
Globa l Re s e a rch L imi t e d
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8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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WEEKLY GAINERS INTERNATIONAL MARKET UPDATE WEEKLY
GOLD 1426.2 0.71
SILVER 3704.9 5.68
COPPER 441.9 1.84
CRUDE 105.4 3.49
NATURAL GAS 4.403 5.64
USD/INR 44.68 -0.71
Commodity Expiry Date Closing Price % Change Commodity Closing Price % Change
WEEKLY LOOSERS
LEAD 31-MAR-11 121.25 -0.41
GOLD 05-APR-11 20829 -0.09
Commodity Expiry Date Closing Price % Change
Gold MCX 5-APR-11 Gold Rs./ 10gm 20848 20879 2071521048 20829 132172 9132 2731447.41-19
Silver MCX 5-MAY-11 Silver RS./ KG. 53111 53245 5324556555 55478 431360 15262 7057802.422367
Copper MCX 29-APR-11 Copper RS./ KG. 435.35 434.9 426.6441.75 439.1 460218 19145 1994503.023.75
Crude Oil MCX 18-APR-11 Crude Oil RS./ BBL. 4633 4660 46264797 4742 661103 16153 3116648.36109
Natural Gas MCX 26-APR-11 Natural Gas RS./ MM BTU 192.8 193.4 191.4204.2 203.3 25357 3613 57920.0710.5
Lead MCX 31-MAR-11 Lead RS./ KG. 121.75 122 119.25123.95 121.25 105467 5041 639921.54-0.5
Zinc MCX 31-MAR-11 Zinc RS./ KG. 105 104.65 102.7108.7 106.2 119317 6389 628672.841.2
Aluminum MCX 31-MAR-11 Aluminium RS./ KG. 114.85 114.3 114.1117.55 117.2 23468 2.35 1863 135799.93
Nickel MCX 31-MAR-11 Nickel RS./ KG. 1210 1209 1182.71226.6 1216.7 221518 5873 665252.686.7
SymbolExch-ange
ExpiryDate
CommodityName
Price UnitPreviousClose
Open LowHigh CloseQty.Traded
NetOpen
Interest
WeeklyTurnOver
(Rs. in Lakhs)
NATURAL GAS 26-APR-11 203.3 5.45
SILVER 05-MAY-11 55478 4.46
Weekly Market Update
Weekly Report
Commodity
7 | www.capitalvia.com
*
* Turnover Till Friday
CRUDE OIL 18-APR-11 4742 2.35
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8/7/2019 Bullion Commodity Reports for the Week (28th March - 1st April - 2011)
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Gold
Silver
Copper
Crude Oil
Natural Gas
Lead
Zinc
Aluminum
Nickel
Scripts R3 R2 PP S1 S2 S3
21530.00
61713.67
466.15
5064.00
225.23
130.87
117.85
1296.40
123.18
21197.00
58403.67
451.00
4893.00
212.43
126.17
111.85
1252.50
119.73
20864.00
55093.67
435.85
4722.00
199.63
121.47
105.85
1208.60
116.28
20680.00
53632.33
429.95
4647.00
195.07
118.98
103.00
1190.60
115.02
20531.00
51783.67
418.97
4551.00
186.83
116.77
99.85
1164.70
112.83
20198.00
48473.67
405.55
4380.00
174.03
112.07
93.85
1120.80
109.38
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed
to be reliable, but we do not accept any responsibility (or liability) for errors of fact or
opinion. Users have the right to choose the product/s that suits them the most.
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based upon it & take no responsibility
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Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity has its own risks.
We, however, do not vouch for the accuracy or the
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Weekly Pivots
Weekly Report
Commodity
R2
21013.00
56942.33
445.10
4818.00
207.87
123.68
109.00
1234.50
118.47
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Globa l Re s e a rch L imi t e d
2 8 t h M a r c h - 0 2 n d A p r i l 2 0 1 1